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Carters Inc (CRI) SEC Filing 10-Q Quarterly report for the period ending Saturday, June 29, 2019

Carters Inc

CIK: 1060822 Ticker: CRI


EXHIBIT 99.1
                                                
carters_logoa01a01a01a01a16.jpg
 
Contact:
 
Sean McHugh
 
Vice President & Treasurer
 
(678) 791-7615

Carters, Inc. Reports Second Quarter Fiscal 2019 Results

Net sales $734 million, growth of 5%
Diluted EPS $0.97, growth of 23%; adjusted diluted EPS $0.95, growth of 21%
Returned $138 million to shareholders through share repurchases and dividends in the first half of fiscal 2019
Company reaffirms full year fiscal 2019 outlook
Net sales growth of 1% to 2%
Adjusted diluted EPS growth of 4% to 6%
ATLANTA, July 25, 2019 - Carter’s, Inc. (NYSE:CRI), the largest branded marketer in North America of apparel exclusively for babies and young children, today reported its second quarter fiscal 2019 results.
“We achieved our sales and earnings growth objectives in the second quarter,” said Michael D. Casey, Chairman and Chief Executive Officer.  “Our growth was driven by our retail and wholesale businesses, and reflects good demand for our spring and summer product offerings.  Given the strength of our product offerings and related marketing strategies, we are expecting good growth in the second half and reaffirming our sales and earnings growth objectives for 2019.”
Consolidated Results
Second Quarter of Fiscal 2019 compared to Second Quarter of Fiscal 2018
Net sales increased $38.2 million, or 5.5%, to $734.4 million, driven by growth in the Company’s U.S. Retail and U.S. Wholesale segments, partially offset by a decline in net sales in the International segment. Changes in foreign currency exchange rates in the second quarter of fiscal 2019 compared to the second quarter of fiscal 2018 adversely affected consolidated net sales in the second quarter of fiscal 2019 by $2.1 million, or 0.3%. On a constant currency basis (a non-GAAP measure), consolidated net sales increased 5.8% in the second quarter of fiscal 2019.

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The following information was filed by Carters Inc (CRI) on Thursday, July 25, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Carters Inc's 10-Q Quarterly Report:

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Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
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Condensed Consolidated Statements Of Cash Flows
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Long-Term Debt (Schedule Of Long Term Debt) (Details)
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Other Current And Long-Term Liabilities (Other Current Liabilities) (Details)
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Other Current And Long-Term Liabilities (Tables)
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Carters Inc provided additional information to their SEC Filing as exhibits

Ticker: CRI
CIK: 1060822
Form Type: 10-Q Quarterly Report
Accession Number: 0001060822-19-000013
Submitted to the SEC: Thu Jul 25 2019 11:16:29 AM EST
Accepted by the SEC: Thu Jul 25 2019
Period: Saturday, June 29, 2019
Industry: Apparel And Other Finishd Prods Of Fabrics And Similar Matl

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